![]() ![]() ![]() ![]() However the calculated figure is only an estimate and for many transactions the figure should be overridden. The foreign currency value is entered and the system calculates the book currency equivalent using the exchange rate tables. In multicurrency Data Entry the system stores both the foreign currency value of an entry and its book currency equivalent.For instance a share price may be quoted in a foreign currency and need to be converted to produce a valuation. In reports figures often need to be translated.(This is different from SecTAX which multiplies.)Įxchange Rates are used in Trust Accounts for two purposes: to convert an amount from USD to GBP the system divides by the exchange rate from USD to GBP. To convert an amount in currency ABC to currency DEF the system divides by the exchange rate from ABC to DEF, e.g. The currencies are identified by 3 character ISO codes, e.g. Each table contains the rates from a From currency to a To currency. USD for US dollar or EUR for euro.ĬCH Trust Accounts holds tables of Exchange Rates. CCH Trust Accounts holds tables of Exchange Rates. ![]()
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